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July 4, 2019

Europe’s leading business families were hailed for their sustainability and stewardship by their peers at the glittering European Families in Business Awards 2019 this week.

Europe’s leading business families were hailed for their sustainability and stewardship by their peers at the glittering European Families in Business Awards 2019 this week.

Henkel, the €19.9 billion ($22.4 billion) German chemical and consumer goods giant, won the highly prized honour—Top Sustainable Family Business of the Year—at the exclusive and private gala dinner and awards presentation at the Four Seasons Hotel, Milan on Tuesday.

November 8, 2018

Family businesses are being urged to define, strategise and raise public awareness of their guiding principles to give themselves the edge over competitors, especially in an uncertain world.

Family businesses are being urged to define, strategise and raise public awareness of their guiding principles to give themselves the edge over competitors, especially in an uncertain world.

March 10, 2017

Maersk and IBM to launch supply chain solution; Cargill and CARE renew partnership; and Henkel to acquire Mexican haircare business

Maersk and IBM to launch supply chain solution

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, has announced a partnership with IBM to implement blockchain technology across its global supply chain.

The new technology will be made available to the logistics industry and aims to manage and track the paper trail of millions of shipping containers—an innovation that could save the industry billions.

February 24, 2017

Heineken Asia gamble pays off as Tiger Beer flourishes; Berkshire Hathaway dumps $900 million Walmart stock; and Henkel reports strong fourth quarter

Heineken Asia gamble pays off as Tiger Beer flourishes

Netherlands-based brewer Heineken, controlled by the eponymous family, has reported its fastest earnings growth in seven years.

The 153-year-old family business said growth was driven by a 13% increase in revenue in Asia where larger sales have grown at a double-digit rate for two years.

Heineken gambled on the Asian market in 2012 when it purchased Asia Pacific Breweries, the producer of Tiger Beer, which has grown at a double-digit pace since 2015.

November 18, 2016

New Henkel CEO to boost investments; America Movil CFO to hike dividends; and Walmart's Q3 hammered in the UK

New Henkel CEO to boost investments

German consumer goods maker Henkel AG & Company, led by the Henkel family since 1876, said it plans to increase spending in order to promote its top brands in emerging markets.   

According to new chief executive Hans van Bylen, who took over in May, the group will invest as much as €3 billion ($3.2 billion) in the next four years.

November 11, 2016

ArcelorMittal posts profit amid cost increase; Henkel beats Q3 expectations; and Berkshire Hathaway shares surge on Trump election

ArcelorMittal posts profit amid cost increase

Family-owned steel giant ArcelorMittal has posted a net profit in the third quarter after cost reductions helped offset a drop in revenue.

However, the Luxembourg-based steelmaker warned higher coking-coal prices and falling US steel prices would hamper profitability in the current quarter.

ArcelorMittal also posted a 40% rise in earnings before interest, taxes, depreciation and amortisation to $1.9 billion, despite a 6.8% drop in revenue to $14.5 billion for the quarter.

August 18, 2016

News Corp bid for Wireless Group finalised; Goya Foods reveals 80th anniversary sponsorship deal; and Henkel shares at record high on emerging market success

News Corp bid for Wireless Group finalised

The bid by Rupert Murdoch’s News Corp to take over Irish new media company Wireless Group has received backing from more than 92% of Wireless shareholders.

According to a joint statement, the cash offer, announced in June and valuing Wireless at £220 million ($289 million), will stay open to remaining shareholders until further notice.

July 1, 2016

Lotte second-gen summoned to prosecutors’ office; Henkel buys Sun Products for €3.2 billion; and Volkswagen to pay $14.7 billion settlement

Lotte second-gen summoned to prosecutors’ office

Shin Young-ja, the chairwoman of the Lotte Scholarship Foundation, appeared at the Seoul Central Prosecutors’ Office today over allegations that she received bribes.

The 74-year-old is accused of accepting bribes from the former chief of cosmetics brand Nature Republic in exchange for store space in Lotte’s duty-free outlets.

June 23, 2016

Being the largest national economy in Europe is a mixed blessing for Germany, especially now that sweeping changes are coming for the country’s family businesses. Michael Finnigan takes a look

Being the largest national economy in Europe is a mixed blessing for Germany, especially now that sweeping changes are coming for the country’s family businesses. Michael Finnigan takes a look

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